Manitoba farmers will continue to benefit from comprehensive coverage provided through AgriInsurance and the Western Livestock Price Insurance Program in the upcoming season. The announcement was made Tuesday at Manitoba Ag Days in Brandon.
“Governments continue to work together to ensure producers have access to an effective suite of business risk management programs that offer protection against a broad range of farm business risks,” said Federal Agriculture Minister Lawrence MacAulay. “Taking proactive steps to protect the farm against the financial impact of extreme weather and price fluctuations is a key strategy for success.”
AgriInsurance coverage for 2017 is expected to exceed $2.6 billion on 9.6 million acres in Manitoba, the second-highest level of coverage on record. AgriInsurance coverage is increasing on average by seven per cent, while premium rates are down by an average of four per cent, as compared to last year.
“Through AgriInsurance, we continue to offer a comprehensive risk management program for Manitoba’s farmers, which is effective whether they are just starting out or have had years of experience,” said Manitoba Agriculture Minister Ralph Eichler. “To ensure the long-term growth of our province’s agriculture sector, AgriInsurance is an essential tool, as it provides reliable protection against the unpredictable challenges of weather and other production-related risks.”
More than 8,400 farms are enrolled in AgriInsurance. Manitoba has the highest level of AgriInsurance participation in Canada, covering over 90 per cent of annual crop acres. The total governments’ share of AgriInsurance premiums for 2017-2018 is expected to be $136.3 million.
Source : Portageonline